Brazil's retail trade jumped 13.9 percent over a month earlier in May 2020, rebounding from a downwardly revised record 16.3 percent slump in the previous month and beating market expectations of a 6 percent gain. It was the biggest rise in retail trade since series began, amid the easing of coronavirus lockdown restrictions. Sales increased for fabrics, clothing & footwear (100.6 percent); furniture & household appliances (47.5 percent); other articles for personal and domestic use (45.2 percent); books, newspapers, magazines & stationery (-43.4 percent); office, computer and communication equipment and material (16.6 percent); pharmaceutical, medical, perfumery & cosmetics articles (10.3 percent); food products, beverages & tobacco (7.1 percent); and fuels & lubricants (5.9 percent). Year-on-year, retail trade declined 7.2 percent, following an upwardly revised 17.1 percent plunge in the prior month.
Retail Sales MoM in Brazil averaged 0.25 percent from 2000 until 2020, reaching an all time high of 13.90 percent in May of 2020 and a record low of -17.10 percent in April of 2020. This page provides - Brazil Retail Sales MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brazil Retail Sales MoM - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Retail Sales MoM in Brazil is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales MoM in Brazil to stand at 0.80 in 12 months time. In the long-term, the Brazil Retail Sales MoM is projected to trend around 1.00 percent in 2021 and 1.10 percent in 2022, according to our econometric models.